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Most people hew the battlements of life from compromise, erecting their impregnable keeps from judicious submissions, fabricating their philosophical drawbridges from emotional retractions and scalding marauders in the boiling oil of sour grapes.
Amortization of intangibles is the process of expensing the cost of an intangible asset over the projected life of the asset. The amortization process for corporate accounting purposes may differ from the amount of amortization posted for tax purposes. Intangible assets, such as patents and trademarks, are amortized into an expense account. Tangible assets are posted to expenses through depreciation.